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Gartner Forecasts Security and Risk Management Spending in India to Grow 12% in 2024

  GenAI-Driven Attacks Require Changes to Application and Data Security Practices and User Monitoring End-user spending on security and risk management (SRM) in India is forecast to total $2.9 billion in 2024, an increase of 12.4% from 2023, according to a new forecast from Gartner, Inc. Indian organizations will continue to increase their security spending through 2024 due to legacy IT modernization using cloud technology, industry demand for digital platforms, updated regulatory environment, and continuous remote/hybrid work. “In 2024, chief information and security officers (CISOs) in India will prioritize their spending on SRM to improve organizational resilience and compliance,” said  Shailendra Upadhyay , Sr Principal at Gartner. “With the introduction of stringent government measures mandating security breach reporting and digital  data protection , CISOs are facing heightened responsibility in safeguarding critical assets against evolving cyber threats.” Gartner a...
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Nascent Wireless Power Growth

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Published on Tuesday, 03 July 2012 10:42

Originating with simple inductive charging mechanisms that require a direct point of contact between charger and device, wireless power systems are evolving toward devices that connect to the wider power delivery infrastructure. As the technology matures and the industry consolidates, wireless power is beginning to see acceptance across a range of applications, and will become a common form of charging in the coming years.

According to Pike Research, the market for wireless power systems – encompassing mobile devices, consumer electronics, industrial applications, infrastructure devices and electric vehicles – will triple over the next 8 years, growing from US$4.9 billion in revenue in 2012 to $15.1 billion in 2020.

"Evidence is building that wireless power technology can be an environmentally friendly and that, before the end of the decade, it could contribute to a significant reduction in carbon emissions and embedded energy used to produce, ship and dispose of conventional charging equipment,” says Bob Gohn, vice president of Pike Research.

“While the market is still nascent, the rapid spread of wireless charging systems for mobile devices is a clear indicator the broader wireless power sector has the potential to be a game-changer,” says Gohn.

While North America is the largest market for wireless power today, it will be surpassed by mid-decade by the Asia Pacific region. Wireless power revenue in Asia Pacific will reach $6 billion in 2020, the cleantech market intelligence firm forecasts, representing 40% of the worldwide market. By application, the largest sector for wireless power in 2020 will still be mobile devices, with 36% of total revenue.

----Pike Research

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